RE1850 - Gifts of Land, Buildings, Shares & Securities to Charity: outline of the relief

Individuals and companies can claim relief for gifts of certain "qualifying investments" to an organisation that has been recognised as a charity for UK tax purposes.

Individuals can deduct the value of the qualifying investments, at the date of disposal, when calculating their total income for Income Tax purposes. Companies can claim the value of the qualifying investments at the date of disposal, as a deduction from profits for Corporation Tax purposes.

The IT or CT relief is in addition to the exemption from Capital Gains Tax (or CT on company gains) on such gifts - see CG66641.

The legislation contains provisions to prevent abuse of these reliefs using tax avoidance schemes. See RE1853(b)

There is detailed guidance for charities and donors available on the HMRC website.